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East Harlem landlord: Shop local, save on rent

EAST HARLEM, Manhattan — A Manhattan actual property developer discovered a novel method to help native companies whereas giving his tenants a break on their lease.

Eran Polack mentioned he felt like he wanted to do one thing to assist his group. He owns a number of small residence buildings in East Harlem.

For each 100 {dollars} his tenants spend at a neighborhood store, he’ll give them a $10 credit score to decrease their lease. And the tenant who spends essentially the most cash at neighborhood shops will obtain a bonus $500 lease discount.

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